ECDI is committed to helping Ohio small businesses survive this crisis. We have taken action by creating a Recovery Loan Product to help businesses weather the storm during this unprecedented time.
To be eligible to receive a Recovery Loan, applicants must meet ALL of the following criteria:
- Have a business checking account currently set up with a bank
- Meet all SBA Microloan eligibility requirements (read more here).
All terms and conditions of ECDI loan products are based on individual and business eligibility.
- Interest rate of 6%
- 69 Month Term – 3 Months of Interest only, 66 months of Principal
To learn more about the Recovery Loan Program and receive an application, please contact Recovery@ecdi.org or call us at 614-559-0115.